CHF/SGD may fall to 1.444 - 1.454

Our pivot point is at 1.492.

Our preference

The downside prevails as long as 1.492 is resistance.

Alternative scenario

Above 1.492, look for 1.509 and 1.520.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.487 and 1.496).

Supports and resistances

1.520 **

1.509 *

1.492 **

1.486

1.479 last

1.454

1.444 **

1.434 *

1.424 **

Number of asterisks represents the strength of support and resistance levels.